Payoneer Raises Series E1 Investment from China Broadband Capital

Payoneer, a New York-based digital platform for businesses to send and receive cross-border payments, raised a Series E-1 funding round.

China Broadband Capital (CBC) made the investment.

The company intends to use the funds to further strengthen its global platform and accelerate investment in China operations.

Founded in 2005 and led by Scott Galit, CEO, Payoneer provides companies and professionals with a cross-border payments platform to do business, make and receive payments from and to more than 200 countries. Additionally, thousands of corporations including Amazon, Google, Airbnb, UpWork and Getty Images use Payoneer’s mass payout services.